Should You Use a Payable On Death (POD) Account?

Tag Archives: POD

The Pros and Cons of Pay on Death Designations

Pay on death (POD) designations are a common way for individuals to pass on account assets to their beneficiaries. These designations come with a variety of benefits, including: Avoiding the cost and hassle associated with probate: Perhaps the single-biggest reason people choose to use POD accounts is to avoid the probate process when assets are […]